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to be accelerating the un-pegging versus the u.s. dollar, which will create more uncertainty about the dollar versus china, and therefore the value of what business companies are doing in china. >> tom: we spoke with william nobrega, managing partner at the conrad group, an emerging markets investment advisor about what the new leaders need to do. one of the things that they need to do is taking the reform and building the institution so they need a robust healthcare system and education system. therthere is a growing inequaliy between rich and poor in china and that is a grave concern for the new leadership. >> the outgoing president 'senet corruptions that you haven't heard from a chinese leader. saying "combatting corruption is a major political issue" how big of an economic issue is it. they are going to lose faith in the government and you can see some wide scale issues coming about. the question is can they tackle corruption and they have not been successful yet. $120 billion has left the country in graft. it filters through to the provinces and it's a big issue. >> are you looking at china pu
to withdraw. thousands of refugees fled today as the rebels pushed into the city. some 1,500 u.n. peacekeepers and armor stood aside, and did not try to block the advance. congo has accused neighboring rwanda of backing the rebels in an effort to control the region's mineral wealth. federal prosecutors in new york announced charges today in what could be the single biggest insider trading payoff ever. mathew martoma allegedly used confidential information about an alzheimer's drug to make more than a quarter-billion dollars. at the time, in 2006, he managed a hedge fund portfolio. for more, we turn to david voreacos of bloomberg news. >> thank you for having me. sreenivasan: first off how did this alleged scream work. what kind of information was being traded? >> well, the prosecutors today in new york allege that a hedge fund advisor at f.a.c. capital advisors in connecticut which is run by billionaire steve cohen gathered inside information about an alzheimers cli.$kal drug trial that was being conducted. based on that information he built a position of $700 million in the two drug companies
we'll get. une loyment, as yout, remember, it dips down unexpectedly to 7.8%, i expect that will notch up a tenth or two. i don't think we go over 8%. >> susie: it could notch up a bilt. good information. mark, always a pleasure talking to you. mark zandi. >> thank you. >> tom: still ahead, from downed powerlines, to flooded out utilities, we talk about powering back up after sandy, with the head of nextera energy. >> susie: hurricane sandy has created an energy shock in the northeast, gas pumps aren't working, supplies are tight, and where there is fuel, there are long lines; reminiscent of the 1970's gas shortage. with two jor gasoline refineries in the northeast region still shut down, capacity is off 10%. and with spotty power,so especially in parts of new jersey, gas pumps don't work, so many gas stations are closed to drivers, and people looking tod fu their generators. >> tom: airli ts, trucking companies and railroads are all working to untangle the mess left in sandy's wake. bridges into manhattan are now open again, but not all the traffic tunnels have re-open
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